The firm you founded currently has 10 million shares, of which you own 6.20 million. You are considering an IPO where you would sell 2.1 million shares for $23. What is the maximum number of secondary shares you could sell and still retain more than 50% ownership of the firm? How much would the firm raise in that case? a. The maximum number of secondary shares you could sell is shares. (Round to the nearest whole number.) b. The amount that the firm would raise is (Round to the nearest dollar.)
The firm you founded currently has 10 million shares, of which you own 6.20 million. You are considering an IPO where you would sell 2.1 million shares for $23. What is the maximum number of secondary shares you could sell and still retain more than 50% ownership of the firm? How much would the firm raise in that case? a. The maximum number of secondary shares you could sell is shares. (Round to the nearest whole number.) b. The amount that the firm would raise is (Round to the nearest dollar.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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The firm you founded currently has 10 million shares, of which you own 6.20 million. You are considering an IPO where you would sell 2.1 million shares for $23. What is the maximum number of secondary shares you could sell and still retain more than 50% ownership of the firm? How much would the firm raise in that case?
a. The maximum number of secondary shares you could sell is shares. (Round to the nearest whole number.)
b. The amount that the firm would raise is (Round to the nearest dollar.)
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